(MENAFN- ProactiveInvestors) UK shares crashed out of Friday down almost 2.5% to 6300 as investors fled from risk.
It was FTSE100's worst weekly drop since the summer of 2011.
It comes on the back of weak global data and the fall of oil prices with energy stocks making up the laggards. The price of Brent crude dropped to a low of US$62.28 a barrel.
Chris Beauchamp at IG Index said: "As oil goes so goes the FTSE 100. The usual suspects are to be found at the bottom of the scoreboard this afternoon including and Shell which are all off by at least 2%."
He added that miners had joined them in sympathy "reminding us that there is little hope for a FTSE rally towards the end of the year if this hefty section of the index fails to rally in coming days".
Oil services group () was the biggest loser shedding 6.35% while United Utilities was the top gainer up 3.56%.
Also in focus was Chinese industrial production growth data which showed a slow-down of more than expected from 7.7% to 7.2% year-on-year.
In the junior space () was a notable gainer adding 5.13%.
It said today that its two fluorspar projects remained on track despite the tough market for junior explorers.
In Nevada the group published a maiden Mineral Resource of some 38 mln tonnes of open-pit mineable material grading 10% fluorspar substantially exceeding its initial target.
Results are pending from a third phase of drilling carried out in the autumn to expand the resource to the north and northwest.
Also up was PR firm up over 10%.
Yesterday the group broadened its PR offering with the acquisition of Publicasity for £2.808mln.
The firm is the subsidiary of ICAS Holdings and specialises in the food and drink tourism retail home and fashion sectors.
In 2013 it posted a pre-tax profit of £527567 on a gross profit (fee income) of £3073712.
Another gainer was () up 12.39%.
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